This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, its structure is often explored in medicinal chemistry for designing molecules with potential anti-inflammatory and analgesic properties. Researchers also investigate its derivatives for their efficacy in treating conditions like epilepsy, anxiety, and chronic pain. Its versatility in chemical reactions makes it a valuable building block for creating complex molecules with therapeutic potential.